Yourhome1source and Aboutmymortgage.com have created an alliance designed to ensure that borrowers have the information they need to make well-informed mortgage decisions.
On YourHome1Source.com borrowers will now have expedited access to information about their existing mortgage, so they can make an informed decision about a potential refinance, home equity loan or a new mortgage. Your Home Digital LLC developed YourHome1Source.com as an educational resource to consumers.
"Providing homeowners with convenient access to financing options and time-saving processes, only available through their existing loan servicer via aboutMYmortgage.com, puts another powerful tool in their hands, so they will make the best decision about their home financing needs," said Sean Stockell, CEO of Your Home Digital, LLC.
"We are proud to partner with such a progressive homeowner resource portal as YourHome1Source.com and excited to assist homeowners gather objective and critical information about their current mortgage that's only available from their current loan servicer," said Tim Allen, CEO and founder of Aboutmymortgage.com. "Our vision is that one day all borrowers who are considering financing will be provided an opportunity to discuss financing solutions with their current mortgage servicer. And most importantly, this service is free to homeowners."
The alliance makes it easy for borrowers to work with participating servicers. Homeowners gain access to the information necessary to review an existing mortgage loan, educate loan customers about financing options and create mutually beneficial outcomes. Mortgage servicers benefit by retaining valuable customer relationships over the long term.
Earlier in October, Aboutmymortgage.com and Hope Loan Port began working together to assist homeowners with mortgage questions and provide them with help resolving mortgage delinquencies.
Aboutmymortgage.com will refer homeowners who may need a loan modification to Hope LoanPort for assistance. Aboutmymortgage.com provides a direct link from its loan modification landing page to Hope Loan Port's Homeowner Connect website, where a homeowner can get advice from a nonprofit housing counselor and submit a foreclosure alternative package directly to their mortgage servicer. The aim is to ensure consumers understand their options and work with their servicer to get the help they need.
Since 2009, the Hope Loan Port has become a go-to technology platform for national mortgage assistance programs and has been used by the top-six commercial banks, Fannie Mae, Freddie Mac, the nation's largest servicers as well as over 1,100 counseling agencies to help more than 700,000 families achieve and sustain homeownership.